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May 11, 2015

Alibaba group compared with related US companies

The chart shows Alibaba group compared to other related US companies who are into similar business . Alibaba Chinese e-commerce giant,dwarfs its competitors with hundreds of millions of users, is bigger than eBay and Amazon combined. Alibaba ha 2 big distributees which are Taobao, a consumer-to-consumer marketplace launched to compete with eBay in China, and Taobao Mall (or Tmall), an Amazon-like marketplace which allows Chinese consumers to purchase directly from brands. Meanwhile Juhuasuan, a groupon equivalent is into deal buying .Launched by former English teacher Jack Ma in 1998, the company has grown exponentially, feeding the appetite of a growing consumer class in China for products from Nike sneakers to high-end jewelry not readily available in stores